Day: May 9, 2016

Electrical Power Generation – Why Wind Power Fails To Deliver

PA Pundits - International

TonyfromOzProfileImageBy Anton Lang ~

Pretend you are in the market for a new car. The salesman tells you it is the latest technology, brand new, and will do everything your old car did, only much better. Believing what he says, you go ahead and purchase this new car. When you get it home and start using it, you find that your new car starts up okay, but not every time. Once it does start, you then find it will only get you to your destination one time in four, or at best, one time in three. You have no idea when it will stop, or, having just stopped, when it will start up again. True, while it is running, it does all your old car did, only now, you don’t know when it actually will be running for long enough to complete your journey. You ask the salesman about the…

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Ikea Debuts Mänland, a Daycare for Men While Women Shop 

Men hate to shop. It’s a truism that Bud Light ads have hammered into us for decades. Ikea has absorbed it, too, and come up with a novel solution in its Australian stores.

Source: Ikea Debuts Mänland, a Daycare for Men While Women Shop | Adweek

Blowin’ in the wind: a postscript on New Zealand’s flag referendums

The Constitution Unit Blog

Therese-Arseneau

New Zealand recently voted to retain its current flag. Therese Arseneau and Nigel S. Roberts, who examined last year’s first flag plebiscite, now assess aspects of the results of the country’s binding run-off referendum that was held in March.

Three months ago we examined the lead-up to, and the results of, the first of two referendums about New Zealand’s flag. In a postal ballot using optional preferential voting, New Zealanders were asked to choose (from among five options) their preferred alternative flag design. Their choice – the Kyle Lockwood black-white-and-blue silver fern flag – was pitted against the current New Zealand flag in a second binding referendum that was held from 3-24 March and was a postal ballot.

Second-flag-referendum-voting-paper-01 The voting paper for the second referendum on the New Zealand flag (click to enlarge)

We ended our article with a prediction of sorts: as political scientists we would be ‘surprised’…

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Who pays company tax?

I always wonder why the incidence of GST is so well understood but the incidence of company taxes so poorly understood.

Everyone understands that exports should be GST free because we cannot pass on the tax to foreigners – we simply have to accept the world price.

The international market for capital is just as unforgiving in expecting the same after-tax return wherever it goes.

So if a country has an above average company tax, before tax rates of return must go up to equalise after-tax rates of return around the world.

This means wages must be lower in New Zealand both to ensure equalisation of after-tax rates of return and because there is less investment here if rates are return are lower after-tax.

With friends like these, the #UBI will not live to face its enemies @jordNZ

Running around saying that Universal Basic Income will make work optional leaves open the question of who will be the suckers who actually do the work and pay enormous taxes to fund the idyllic lifestyle of the bohemian rest.

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Source: What If Everybody Didn’t Have to Work to Get Paid? – The Atlantic.

Waiting for the permits to come in: business start-up fees and lost output waiting in Europe and North America

Expediting the processing of permits can actually make quite a difference to firm start-up costs even in countries with few barriers to starting up a business.

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Source: Markus Poschke (2011) Entry regulation: Still costly | VOX, CEPR’s Policy Portal.

Note: The value of time is set to a business day’s output per day of waiting time at 22 business days per month.

Had we hit peak wind turbine technician demand?

Doubling from 4,400 to 9,000 does not exactly strike me as an explosion in wind technician employment.

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Source: Wind Turbine Technicians : Occupational Outlook Handbook: : U.S. Bureau of Labor Statistics.

Yet still this occupation is expected to be the fastest-growing occupation in the USA in the next 10 years.

Imperial Europe’s Penal Colonies

The last convicts were transported in 1953.

<p>Source: <a href="http://www.historytoday.com/dean-nicholas/map-imperial-europes-penal-colonies">Map: Imperial Europe's Penal Colonies | History Today</a>.